China and Indonesia on Tuesday held the third meeting of a bilateral dialogue mechanism at deputy prime ministerial level, with the two sides vowing to further cooperate.

Chinese State Councilor Dai Bingguo and Djoko Suyanto, the visiting Indonesian Coordinating Minister for Political, Law and Security Affairs, co-chaired the meeting in Beijing, said a press release from the Foreign Ministry.

According to the press release, the Indonesian side welcomed more Chinese companies to take part in its infrastructure construction. The Chinese side vowed to actively promote a balanced, fast growth of bilateral trade with an annual goal of 80 billion U.S. dollars by 2015.

The two sides also agreed to work together on issues ranging from military exchanges, space technology, disaster relief to food security, as well as to increase cooperation in fighting terrorism and drug-related crimes, culture, education, health, media and youth.

They also agreed to promote China-ASEAN relations in joint efforts, and promote peace and prosperity in Asia and the world as a whole.

The two sides will hold future meetings annually instead of once every two years.

Strengthening the strategic partnership between China and Indonesia, two emerging developing countries, is in both sides' interests as they face a complicated international situation, Dai said.

He added that this is also important for regional peace and stability, relationships between China and the Association of Southeast Asian Nations (ASEAN), east Asian cooperation, unity among developing countries and promotion of international systems reform and global economic governance.

China will keep high-level visits with Indonesia, strengthen dialogue, deepen mutual trust and enlarge cooperation, so as to achieve common development, Dai said.

Suyanto said China's stable development is very important for Indonesia and the whole region and that Indonesia is ready for more dialogue and exchanges with China, so as to to jointly cope with challenges.

After the meeting, Premier Wen Jiabao also held a meeting with Suyanto on Tuesday afternoon.

The dialogue mechanism was launched in 2005. The previous two meetings were held in 2006 and 2010 respectively.